Divorces can be an emotional rollercoaster, and that’s putting it
lightly. What most people do not immediately understand, however, is that
divorces can significantly strain a person’s financial situation.
Apart from the legal fees involved, many people are surprised by the overall
financial implications of a divorce. Save yourself the headache of having to
deal with both divorce proceedings and sorting your finances by following these
quick tips:
Don’t Hide Assets
It’s tempting to hide assets, especially if you and your spouse cannot
agree on how to divide property. Resist that temptation. Hiding assets or
“selling” them to someone with a plan to “buy” it back after the divorce is
finalized is illegal.
